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MindTree's share buyback plan will not be able to dent Larsen and Toubro's (L&T) effort to acquire Cafe Coffee Day founder VG Siddhartha's stake in the IT company, said Ashok Soota, co-founder of Mindtree, in an interview with CNBC Awaaz. Soota said that he does not see the shares buyback achieving much from founders' standpoint, adding that it looks only a part of the financial strategy. The share buyback proposal was for the company's founders and promoters to be able to avert the takeover by L&T. CNBC Awaaz is India’s number one business channel and an undisputed leader in business news and information for the last ten years. Our channel aims to educate, inform and inspire consumers to go beyond limitations, with practical tips on personal finance, investing, technology, consumer goods and capital markets. Policymakers and business owners alike have grown to trust CNBC Awaaz as the most reliable source with its eye on India’s business climate. Our programming gives consumers a platform to make decisions with confidence. Subscribe to the CNBC Awaaz YouTube channel here: https://goo.gl/g3rzrW Follow CNBC Awaaz on Twitter: / cnbc_awaaz Like us on our CNBC Awaaz Facebook page: / cnbcawaazindia